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NYMEX HO: (F18) Needs To Sustain..........>

OIL TECHS
OIL TECHS: NYMEX HO: (F18) Needs To Sustain $1.9400 Break
*RES 4: $1.9648 Nov 27 high
*RES 3: $1.9611 Dec 1 high
*RES 2: $1.9439 Dec 8 high
*RES 1: $1.9400 Hourly resistance
*PRICE: $1.9288 @0505GMT                                
*SUP 1: $1.9154 Hourly base Dec 8
*SUP 2: $1.9020 Dec 8 low
*SUP 3: $1.8872 Dec 5 low
*SUP 4: $1.8815 Hourly base Dec 6
*COMMENTARY: Did the hard work in breaking back above $1.9400 on Friday but as
yet has been unable to sustain this rise. Ideally any setbacks are held above
$1.9154 now, if another upside challenge is to be forthcoming, at this stage.
Above $1.9400-$1.9439 and the month's earlier $1.9611 high is the bar to the
November peak at $1.9648. A loss of $1.9154 will disappoint near term and allow
a deeper pullback of recent gains from $1.8600.

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